Market Insights Technology Software Productivity Software

Construction and Design Software - Iran

Iran

Revenue in the Construction and Design Software market is projected to reach US$153.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.00%, resulting in a market volume of US$159.60m by 2028.
In global comparison, most revenue will be generated in the United States (US$5,420.00m in 2024).

Key regions: Japan, South Korea, United States, Germany, France

Market

Region

Region comparison

Currency

Analyst Opinion

The Construction and Design Software market in Iran has seen significant growth in recent years.

Customer preferences: Iran has a young and educated population that is increasingly interested in technology. This has led to a growing demand for Construction and Design Software in the country. Additionally, the government has been investing heavily in infrastructure projects, which has created a need for advanced software solutions to manage these projects.

Trends in the market: One of the key trends in the Construction and Design Software market in Iran is the shift towards cloud-based solutions. This is being driven by the need for more flexible and cost-effective software solutions. Another trend is the increasing use of Building Information Modelling (BIM) software, which allows for more efficient collaboration between architects, engineers, and construction teams.

Local special circumstances: Iran has a unique set of circumstances that are impacting the Construction and Design Software market. One of the biggest challenges is the sanctions imposed by the US government, which have limited the ability of Iranian companies to access international software solutions. As a result, there has been a growing demand for locally-developed software solutions.

Underlying macroeconomic factors: The Iranian economy has been struggling in recent years due to a combination of factors, including sanctions, corruption, and mismanagement. However, the government has been taking steps to address these issues and has been investing heavily in infrastructure projects. This has created a need for advanced software solutions to manage these projects and has helped to drive growth in the Construction and Design Software market. Additionally, the young and educated population in Iran is increasingly interested in technology, which has created a growing demand for software solutions.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.